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TROW

TROW - T Rowe Price Group Inc Stock Price, Fair Value and News

119.66USD+1.24 (+1.05%)Delayed as of 24 Jun 2024, 02:41 pm ET

Market Summary

TROW
USD119.66+1.24
Delayedas of 24 Jun 2024, 02:41 pm
1.05%

TROW Alerts

  • 1 major insider sales recently.
  • Big jump in Earnings (Y/Y)

TROW Stock Price

View Fullscreen

TROW RSI Chart

TROW Valuation

Market Cap

26.4B

Price/Earnings (Trailing)

13.62

Price/Sales (Trailing)

3.96

EV/EBITDA

9.08

Price/Free Cashflow

26.58

TROW Price/Sales (Trailing)

TROW Profitability

EBT Margin

39.65%

Return on Equity

19.84%

Return on Assets

15.1%

Free Cashflow Yield

3.76%

TROW Fundamentals

TROW Revenue

Revenue (TTM)

6.7B

Rev. Growth (Yr)

13.83%

Rev. Growth (Qtr)

6.59%

TROW Earnings

Earnings (TTM)

1.9B

Earnings Growth (Yr)

36.13%

Earnings Growth (Qtr)

31.12%

Breaking Down TROW Revenue

52 Week Range

100.09132.76
(Low)(High)

Last 7 days

3.1%

Last 30 days

0.7%

Last 90 days

-0.1%

Trailing 12 Months

11.2%

How does TROW drawdown profile look like?

TROW Financial Health

TROW Investor Care

Dividend Yield

4.14%

Dividend/Share (TTM)

4.9

Buy Backs (1Y)

0.57%

Diluted EPS (TTM)

8.42

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20246.7B000
20236.2B6.3B6.3B6.5B
20227.7B7.3B6.9B6.5B
20216.6B7.1B7.4B7.7B
20205.8B5.8B5.9B6.2B
20195.4B5.4B5.5B5.6B
20185.1B5.2B5.4B5.4B
20174.4B4.5B4.6B4.9B
20164.2B4.1B4.2B4.2B
20154.1B4.1B4.2B4.2B
20143.6B3.8B3.9B4.0B
20133.1B3.2B3.3B3.5B
20122.8B2.8B2.9B3.0B
20112.5B2.6B2.7B2.7B
20101.7B1.9B1.9B2.4B
20091.9B1.8B1.7B1.5B
200802.2B2.2B2.1B
20070002.2B
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Tracking the Latest Insider Buys and Sells of T Rowe Price Group Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 18, 2024
sawyer dorothy c
sold
-234,000
117
-2,000
-
Jun 04, 2024
sawyer dorothy c
gifted
-
-
-215
-
Jun 04, 2024
sawyer dorothy c
acquired
3,500
112
30.9816
-
May 08, 2024
wijnberg sandra s
acquired
-
-
1,794
-
May 08, 2024
smith cynthia f
acquired
-
-
1,794
-
May 08, 2024
donnelly william p
acquired
-
-
1,794
-
May 08, 2024
wilson alan d
acquired
-
-
1,794
-
May 08, 2024
rominger eileen p
acquired
-
-
1,794
-
May 08, 2024
dublon dina
acquired
-
-
1,794
-
May 08, 2024
stevens robert j
acquired
-
-
1,794
-

1–10 of 50

Which funds bought or sold TROW recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 21, 2024
Cape Investment Advisory, Inc.
sold off
-100
-1,723
-
-%
Jun 21, 2024
Abich Financial Wealth Management LLC
added
47.98
50,475
125,212
0.10%
Jun 20, 2024
HM PAYSON & CO
unchanged
-
470
4,024
-%
Jun 13, 2024
Keystone Financial Services
new
-
216,920
216,920
0.10%
Jun 11, 2024
CYPRESS ASSET MANAGEMENT INC/TX
reduced
-2.56
28,595
305,897
0.08%
Jun 11, 2024
EverSource Wealth Advisors, LLC
added
93.57
17,853
36,268
-%
Jun 04, 2024
Aurora Investment Counsel
reduced
-3.89
-9,585
421,599
0.24%
Jun 04, 2024
DekaBank Deutsche Girozentrale
reduced
-2.56
854,000
12,000,000
0.02%
May 30, 2024
CAMBRIDGE TRUST CO
reduced
-33.5
-10,645
32,431
-%
May 29, 2024
Clean Yield Group
unchanged
-
7,841
67,178
0.03%

1–10 of 44

Are Funds Buying or Selling TROW?

Are funds buying TROW calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own TROW
No. of Funds

Unveiling T Rowe Price Group Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
11.69%
26,117,725
SC 13G/A
Jan 29, 2024
state street corp
6.80%
15,188,277
SC 13G/A
Jan 25, 2024
blackrock inc.
8.7%
19,505,090
SC 13G/A
Feb 10, 2023
state street corp
6.69%
14,949,873
SC 13G/A
Feb 09, 2023
vanguard group inc
12.40%
27,714,213
SC 13G/A
Feb 07, 2023
blackrock inc.
8.2%
18,399,873
SC 13G/A
Oct 11, 2022
vanguard group inc
10.71%
24,169,568
SC 13G/A
Feb 14, 2022
state street corp
5.40%
12,126,661
SC 13G/A
Feb 03, 2022
blackrock inc.
8.4%
18,809,279
SC 13G/A
Feb 11, 2021
state street corp
5.06%
11,462,942
SC 13G

Recent SEC filings of T Rowe Price Group Inc

View All Filings
Date Filed Form Type Document
Jun 18, 2024
4
Insider Trading
Jun 17, 2024
144
Notice of Insider Sale Intent
Jun 06, 2024
4
Insider Trading
May 09, 2024
4
Insider Trading
May 09, 2024
4
Insider Trading
May 09, 2024
4
Insider Trading
May 09, 2024
4
Insider Trading
May 09, 2024
4
Insider Trading
May 09, 2024
4
Insider Trading
May 09, 2024
4
Insider Trading

T Rowe Price Group Inc News

Latest updates
Defense World4 hours ago
Yahoo News Malaysia21 Jun 202408:35 am

T Rowe Price Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue6.6%1,7501,6421,6711,6101,5381,5241,5881,5131,8631,9621,9541,9291,8271,7331,5961,4151,4631,4691,4271,3951,327
Operating Expenses-7.3%1,1641,2551,0891,0771,0531,2711,0148449861,099958971934977867862755888768780795
EBITDA Margin2.9%0.40*0.39*0.39*0.38*0.34*0.33*0.39*0.44*0.50*------------
Income Taxes5.1%18217314515917899.0013410116517922725923121622224040.00156157184181
Earnings Before Taxes19.9%7766475846406203894923896799139851,1029951,146921969207750702740735
EBT Margin2.9%0.40*0.39*0.35*0.34*0.31*0.30*0.36*0.41*0.48*0.52*0.57*0.59*---------
Net Income31.1%574438453476422266384340568741777816749783643603343545546528513
Net Income Margin5.1%0.29*0.28*0.25*0.25*0.23*0.24*0.29*0.33*0.38*0.40*0.42*0.42*---------
Free Cashflow323.5%535-239376323451-1957135561,0493011,232744---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets4.7%12,85412,27912,55712,62112,15711,64311,99311,76912,34812,50911,45111,27910,76410,65910,1359,4778,6379,3309,3988,9128,459
    Cash Equivalents16.9%2,4172,0672,5792,2502,1861,8752,4442,1872,0851,6243,5103,5712,9142,2572,3062,1831,6801,8582,2941,9131,734
  Net PPE4.9%846807799771762756753747736736719717704695682685675674679672667
  Goodwill0%2,6432,6432,6432,6432,6432,6432,6522,6522,6442,693666666666666666666666666666666666
Liabilities10.1%2,1881,9882,3752,1702,0831,9562,2982,0312,2312,2552,1022,5061,7431,3901,6661,6371,2321,1071,4551,3211,261
Shareholder's Equity2.9%9,7849,5059,4009,4669,2409,0309,1159,1739,3279,2718,2627,8938,0087,7077,1296,7516,4347,1026,8406,5796,311
  Additional Paid-In Capital-1.7%424432482521502438499655668920655674655655655655655655655655655
Shares Outstanding------------------235--236
Minority Interest7.0%205192222202194191207209272249-----------
Float----24,600---25,200---44,600---27,800---25,600-
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations504.9%637-157470395512-1357686241,1033611,2898079952.0027685378822.00552370579
  Share Based Compensation-39.1%58.0096.0054.0057.0059.0010063.0059.0064.0010852.0056.0058.0082.0053.0053.0058.0071.0045.0047.0044.00
Cashflow From Investing-109.5%-8.6090.00174-78.40-57.5028.00-43.80-29.504.00-1,15552.0037.00-30.8017.00-55.50-25.2028.00-247-47.605.00-33.80
Cashflow From Financing42.0%-267-461-297-175-144-460-485-486-644-1,097-1,398-185-307-67.00-108-318-992-209-121-195-306
  Dividend Payments2.4%287280280280282275276277279248949253252210210211215184183183185
  Buy Backs-21.2%83.0010510642.008.0011422519932063321841.0025935.00142142891134173164231
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TROW Income Statement

2024-03-31
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues  
Net revenues$ 1,750.2$ 1,537.6
Operating expenses  
Compensation and related costs709.0653.5
Distribution and servicing81.971.5
Advertising and promotion25.325.8
Product and recordkeeping related costs75.072.1
Technology, occupancy, and facility costs149.9146.6
General, administrative, and other92.6107.5
Change in fair value of contingent consideration0.0(49.6)
Acquisition-related amortization and impairment costs29.9 
Total operating expenses1,163.61,053.4
Net operating income586.6484.2
Non-operating income (loss)  
Net gains (losses) on investments121.593.9
Net gains (losses) on consolidated sponsored investment products72.345.4
Other gains (losses), including foreign currency gains (losses)(4.9)(3.9)
Total non-operating income (loss)188.9135.4
Income before income taxes775.5619.6
Provision for income taxes182.1177.9
Net income593.4441.7
Less: net income (loss) attributable to redeemable non-controlling interests19.620.2
Net income attributable to T. Rowe Price Group$ 573.8$ 421.5
Earnings per share on common stock of T. Rowe Price Group  
Basic (in dollars per share)$ 2.50$ 1.83
Diluted (in dollars per share)$ 2.49$ 1.83
Investment advisory fees  
Revenues  
Net revenues$ 1,554.0$ 1,391.8
Capital allocation-based income  
Revenues  
Net revenues47.116.9
Administrative, distribution, and servicing fees  
Revenues  
Net revenues$ 149.1$ 128.9

TROW Balance Sheet

2024-03-31
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
ASSETS  
Cash and cash equivalents$ 2,416.5$ 2,066.6
Accounts receivable and accrued revenue883.0807.9
Investments2,588.72,554.7
Assets of consolidated sponsored investment products ($1,229.2 million at March 31, 2024 and $1,204.4 million at December 31, 2023, related to variable interest entities)2,117.21,959.3
Operating lease assets234.9241.1
Property, equipment and software, net846.4806.6
Intangible assets, net481.8507.3
Goodwill2,642.82,642.8
Other assets642.7692.5
Total assets12,854.012,278.8
LIABILITIES  
Accounts payable and accrued expenses366.4409.5
Liabilities of consolidated sponsored investment products ($27.7 million at March 31, 2024 and $35.2 million at December 31, 2023, related to variable interest entities)71.154.2
Operating lease liabilities302.1308.5
Accrued compensation and related costs330.6240.8
Supplemental savings plan liability927.4895.0
Contingent consideration liability13.413.4
Income taxes payable176.866.2
Total liabilities2,187.81,987.6
Commitments and contingent liabilities
Redeemable non-controlling interests676.7594.1
STOCKHOLDERS’ EQUITY  
Preferred stock, undesignated, $.20 par value – authorized and unissued 20,000,000 shares0.00.0
Common stock, $.20 par value—authorized 750,000,000; issued 223,494,000 shares at March 31, 2024 and 223,938,000 at December 31, 202344.744.8
Additional capital in excess of par value424.2431.7
Retained earnings9,364.89,076.1
Accumulated other comprehensive loss(49.6)(47.5)
Total stockholders’ equity attributable to T. Rowe Price Group, Inc.9,784.19,505.1
Non-controlling interests in consolidated entities205.4192.0
Total stockholders’ equity9,989.59,697.1
Total liabilities, redeemable non-controlling interests, and stockholders’ equity$ 12,854.0$ 12,278.8
TROW
T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; Tampa, Florida; Toronto, Ontario; Hellerup, Denmark; Amsterdam, The Netherlands; Luxembourg, Grand Duchy of Luxembourg; Zurich, Switzerland; Dubai, United Arab Emirates; London, United Kingdom; Sydney, New South Wales; Hong Kong; Tokyo, Japan; Singapore; Frankfurt, Shanghai, China; Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, Amsterdam, Netherlands and Washington, DC.
 CEO
 WEBSITEtroweprice.com
 INDUSTRYAsset Management
 EMPLOYEES7903

T Rowe Price Group Inc Frequently Asked Questions


What is the ticker symbol for T Rowe Price Group Inc? What does TROW stand for in stocks?

TROW is the stock ticker symbol of T Rowe Price Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of T Rowe Price Group Inc (TROW)?

As of Fri Jun 21 2024, market cap of T Rowe Price Group Inc is 26.44 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TROW stock?

You can check TROW's fair value in chart for subscribers.

What is the fair value of TROW stock?

You can check TROW's fair value in chart for subscribers. The fair value of T Rowe Price Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of T Rowe Price Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TROW so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is T Rowe Price Group Inc a good stock to buy?

The fair value guage provides a quick view whether TROW is over valued or under valued. Whether T Rowe Price Group Inc is cheap or expensive depends on the assumptions which impact T Rowe Price Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TROW.

What is T Rowe Price Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Jun 21 2024, TROW's PE ratio (Price to Earnings) is 13.62 and Price to Sales (PS) ratio is 3.96. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TROW PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on T Rowe Price Group Inc's stock?

In the past 10 years, T Rowe Price Group Inc has provided 0.064 (multiply by 100 for percentage) rate of return.